Tuesday, November 1, 2011

Close, but ...

Krypto is sleeping in ... her model shows no action for today. Other asset classes fell enough to keep the gold+silver class from getting a clear buy signal. I see futures are down bigtime this morning. Oh well, maybe in a few weeks Krypto can re-buy what she sold on Friday.

Obey the machine ....

MF Global

$700 million is missing. The hedge fund industry gets another black eye. Corzine seems to have been a power hungry, greedy knave. First he did nothing to help the people of New jersey as both a Senator and Governor. Now he blows up a formerly fine firm and was captain of a ship while its hold was looted. He's certainly Knave of the Month.

Word of the Day

"Rococo" - adjective [$10]Rococo means excessively ornate or intricate.
Sentence: Much art and decor from the era of Louis XV exhibits the rococo style; one can see this clearly in many rooms of the Frick Museum at the corner of Fifth Avenue and east 70th street in New York City.

About Me

I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance.
I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience.
The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.